On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 had produced its first block. According to the tweet shared by its CEO Alexandre Dreyfus, the event occurred at exactly 8:08 am UTC.

Interestingly, the block generation coincided with Chiliz’s fifth anniversary since its launch. Recall that the Chiliz Chain 2.0 had passed several Testnet phases. And, the project added an NFT collection a week back.

With the launch of its Layer-one (L1) EVM, Dreyfus stated that it would help in growing the Chiliz developer community. As such, the project would launch a hackathon.

Despite the developments, CHZ resisted the upside. According to CoinMarketCap, the blockchain sports token price fell a whopping 10.98% in the last 24 hours. The volume which describes the transaction happening on the network also dropped by 52.57%.